Tuesday, Feb 03, 12:07 GMT
U.S. Trading Newsletter
To Get Started
- Webinar VIDEOS: Central Bank Review by Adam Rosen
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: RBA Clips Rates 100bps to 3.25% …Can We Surf Yet? by Tim Salem
Now that the "Day of Mourning" is completed for the Arizona Cardinals loss in the Super Bowl…we can move on to more pertinent events! The Royal Bank of Australia has cut Rates again by 1 full percentage point , so let's see where we are on the Aussie Dollar.
The Trader's Edge: Coffee Break by Ross Yamashita
The Advisor Blog: Majors’s sentiment for today by Valeria Bednarik
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Feb 3, 15:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Feb 3, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Feb 3, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Feb 3, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN |  |
| Tue, Feb 3, 16:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
| Tue, Feb 3, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
Current Session: Europe − U.S.
More Recovery Potential for Euro Today
Swiss e Trade AGp − The pair is consolidating its higher levels in this European morning, trading currently at 1.2825. Right now there is some slight weakness in the market, most probably testing the 1.2800 support level. From there a further recovery move could set in, finding resistance at 1.2950 today.
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Daily Forex News − Eye on Asia and Europe as US numbers show some respite by ACM − Advanced Currency Markets
We see a dagger entry opportunity forming as price action converges – this usually signals a breakout on the upside – recent intervention could be the instigator.
Daily FX Report − The EURGBP climbed on gloomy UK construction data by Varengold Wertpapierhandelsbank AG
EUR/GBP climbed on concern a U.K. report will indicate construction shrank last month at the fastest pace in more than a decade.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US PENDING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Feb 3 | 15:00 | Pending Home Sales (MoM) | 0% | -4% |
US economic indicators - Pending home sales could have risen slightly by BHF−Bank
Pending home sales had rebounded in August only to plummet by 12% in the subsequent three months. After this marked decline, they could have risen slightly by 1% mom in December, not least due to massive foreclosures.
[ Full Story ]Top Market Movers Review
EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 3 | 10:00 | Producer Price Index (MoM) | -1.3% | -1.2% | -1.9% |
| Feb 3 | 10:00 | Producer Price Index (YoY) | 1.8% | 2.1% | 3.3% |
DATA SNAP: Euro−Zone PPI Falls For Fifth Consecutive Month (Dow Jones)
Euro−zone producer prices fell for a fifth consecutive month in December, adding to the case for the European Central Bank to lower its interest rates further, data from European Union statistics agency Eurostat showed Tuesday.
[ Full Story ]- Read the PPI data at Eurostat
- UPDATE: Euro−Zone PPI Falls For Fifth Consecutive Mo In Dec (Dow Jones)
- INSTANT VIEW 5−Euro zone Dec PPI falls more than expected (Thomson Financial News)
- INSTANT VIEW 4−Euro zone Dec PPI falls more than expected (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 3 | 07:00 | DE | Retail Sales (MoM) (Dec) | -0.2% | 0.5% | 0.7% |
| 07:00 | DE | Retail Sales (YoY) (Dec) | -0.3% | -3.0% | ||
| 07:15 | CH | Trade Balance (Dec) | 0.22B | 1.74B | 2.25B |
|
| 09:30 | UK | PMI Construction (Jan) | 34.5 | 28.8 | 29.3 | |
| 10:00 | EMU | Producer Price Index (MoM) (Dec) | -1.3% | -1.2% | -1.9% | |
| 10:00 | EMU | Producer Price Index (YoY) (Dec) | 1.8% | 2.1% | 3.3% | |
| 15:00 | US | Pending Home Sales (MoM) (Dec) | 0% | -4% | ||
| 21:45 | NZ | Visitor Arrivals (Dec) | 0.8% | |||
| 22:00 | US | ABC/Washington Post Consumer Confidence (Feb 1) | -54 | |||
| Feb 4 | 00:01 | UK | Nationwide Consumer Confidence (Jan) | 45 | 47 | |